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The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.

Last September, CBC identified 10 key questions corresponding to Mayor de Blasio’s policy priorities and used Mayor’s Management Report (MMR) indicators to assess progress. With the release of the fiscal year 2017 MMR earlier this week, the analysis has been updated with data for the most recent year.

The City of New York expects to generate $1.2 billion in revenue from the sale of new taxi medallions from fiscal years 2019 to 2023; however, increased competition from ride-sharing services has resulted in a significant decrease in the value of medallions. The City should adjust its budget assumptions to reflect this situation, with the most prudent action being removing this revenue from its financial plan until the industry stabilizes.

Reviews performance results in FY2016 in areas identified by priorities by the de Blasio Administration, including solid waste, housing, fire, corrections, health, and homelessness. Includes interactive data tracker.

Identifies by priorities of the de Blasio Administration, including solid waste, housing, fire, corrections, health, and homelessness. Includes interactive data tracker for performance data from FY2009-2016.

A giant slice of the New York City budget pays for costs that are the legacy of commitments made in the past: debt service, pensions, and retiree health insurance. These legacy costs already exceed 20 percent of the budget and will expand by 20 percent to more than $20 billion in annual spending by fiscal year 2020.

The New York City Department of Housing Preservation and Development is the nation's largest municipal housing agency, and is charged with implementing the largest housing plan in the city's history. How's it doing?

Mayor Bill de Blasio's latest Citywide Savings Program proposes multiyear savings of $5.4 billion compared to just $2.9 billion proposed in last year’s Executive Budget. The $5.4 billion represents 1.7 percent of city-funded spending over the financial plan period; this is in the range of savings in Mayor Michael Bloomberg’s plans for each of the last four years of his administration. While this may seem like a bold stride, the new CSP still falls short in the nature of its savings proposals.

Asks 8 questions about the New York City Executive Budget for Fiscal Year 2017 relating to revenues, spending, Health + Hospitals, reserves, the Citywide Savings Plan, the State budget, and the capital commitment plan.

The Governor’s Executive Budget for FY 2017 proposes to divert to the State $600 million of New York City’s sales tax revenue on the grounds that the City misused that amount of State sales tax revenue. The controversy involves debt of a specially created local authority, the Sales Tax Asset Receivable Corporation (STARC).